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Cabinet Economic Growth and Infrastructure Committee Minute of Decision
EGI Min (09) 16/7
Amendments for a Moderated Emissions Trading Scheme
Portfolio: Climate Change Issues
On 5 August 2009, the Cabinet Economic Growth and Infrastructure Committee:
1 referred the submission under EGI (09) 132 to Cabinet on 10 August 2009 for further consideration;
2 invited the Minister for Climate Change Issues to provide further advice to Cabinet on:
- 2.1 the extent to which an opportunity to arbitrage (in respect of New Zealand units converted to assigned amount units) will exist for participants in the forestry sector, and an indication of possible costs relating to arbitrage;
- 2.2 the nature of the proposed review of the operation and effectiveness of the New Zealand Emissions Trading Scheme, which is scheduled to be completed in 2012 before the commencement of the second Commitment Period of the Kyoto Protocol.
Committee Secretary
Reference: EGI (09) 132
Present:
- Hon Bill English (Chair)
- Hon Gerry Brownlee
- Hon Dr Nick Smith
- Hon Anne Tolley
- Hon David Carter
- Hon Tim Groser
- Hon Dr Wayne Mapp
- Hon Steven Joyce
- Hon Phil Heatley
- Hon Maurice Williamson
Officials present from:
- Office of the Prime Minister
- Officials Committee for EGI
- Treasury
- Ministry for the Environment
- Ministry of Agriculture and Forestry
- Ministry of Foreign Affairs and Trade
- Te Puni Kokiri
Last updated: 20 March 2008
